Cramer's 'Mad Money' Recap: Safe Harbors for Investment

Home Depot is still a great company, said Cramer, and the housing recovery is still in its early stage. However, the stock trades at 18 times earnings, which is just below its historical high of 19 times earnings. Home Depot also has difficult comparisons from 2012, he noted.

Bank of America wins in this showdown.

Lightning Round

In the Lightning Round, Cramer was bullish on Accenture (ACN), McGraw-Hill (MHP), SPDR Gold Shares (GLD), International Business Machines (IBM), Berkshire Hathaway (BRK.B) and Emerson Electric (EMR).

Cramer was bearish on iShares Silver Trust (SLV) and Hudson City Bancorp (HCBK).

Fighting Cancer

In his second "Executive Decision" segment, Cramer spoke with Kevin Conroy, president and CEO of Exact Sciences (EXAS), a speculative biotech company working on a non-invasive stool test for colon cancer. So far it has achieved 90% accuracy at detecting colon cancer without the need for a colonoscopy. The test is expected to receive U.S. Food and Drug Administration approval in 2014.

Conroy said there are over 150,000 new cases of colon cancer discovered every year, and 75% of those are patients on Medicare. That's why Exact Sciences is working with both the FDA as well as with Medicare directly to help get this test to market as quickly as possible. Currently there are 12,700 patients in his company's clinical trial and Conroy hopes to prove the test is both safe and effective at catching colon cancer early.

Exact Sciences is also working on similar tests for cancer of the pancreas and esophagus.

Cramer said Exact Sciences is exactly what our country needs to help rein in health-care costs. He remained bullish on the stock, which is up 37% since he first recommended it in October 2010.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer said forgiveness is the word of the day as company after company has reported disappointing results, only to see their shares fall but rebound sharply.

Cramer cited several examples of this behavior, from Walt Disney (DIS) to Discover Financial (DFS) to Ebay (EBAY) to 3M (MMM), all of which saw up to a 10% slide in their share prices followed by a sharp recovery.

Cramer said he expects this trend to continue with this quarters' earnings season, which kicks off Tuesday with Alcoa (AA).

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-- Written by Scott Rutt in Washington, D.C.

To email Scott about this article, click here: Scott Rutt

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At the time of publication, Cramer's Action Alerts PLUS had a position in EMR, IBM, KEY.

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